<ARTICLE> 7 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <DEBT-HELD-FOR-SALE> 16,708 <DEBT-CARRYING-VALUE> 117,732 <DEBT-MARKET-VALUE> 118,794 <EQUITIES> 4,031 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 138,471 <CASH> 9,695 <RECOVER-REINSURE> 7,192 <DEFERRED-ACQUISITION> 4,720 <TOTAL-ASSETS> 270,431 <POLICY-LOSSES> 92,686 <UNEARNED-PREMIUMS> 47,637 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 1,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 87 <OTHER-SE> 103,077 <TOTAL-LIABILITY-AND-EQUITY> 270,431 <PREMIUMS> 14,791 <INVESTMENT-INCOME> 1,933 <INVESTMENT-GAINS> 14 <OTHER-INCOME> 5,640 <BENEFITS> 7,879 <UNDERWRITING-AMORTIZATION> 1,354 <UNDERWRITING-OTHER> 9,229 <INCOME-PRETAX> 3,916 <INCOME-TAX> 943 <INCOME-CONTINUING> 2,973 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,973 <EPS-PRIMARY> 0.33 <EPS-DILUTED> 0.33 <RESERVE-OPEN> 65,775<F1> <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 63,575<F1> <CUMULATIVE-DEFICIENCY> 0 <FN> <F1>Before reinsurance recoverable. </FN>